Technical Analysis Short-term: Watch the $1.00 support level. If it holds, there might be a short-term bounce, especially considering the increased volume at this level. Medium-term: Monitor the $1.25 support and $1.75 resistance levels. Both levels show significant volume activity, indicating strong buying and selling interest. Long-term: Significant...
The C wave from March 2023 demonstrates bearish movement from falling lithium spot prices and a bearish macro environment. The C wave movement has turned this from a running flat to an expanding flat . Interesting to watch market psychology is at play here as participants sold PLS down despite a 1.2 billion in profit and a maiden 11c dividend paid out. Prices...
ENTRY: 1.85 SL: 1.665 TP1: 1.975 TP2: 2.19 - ADX>25 - Daily RS +ve - Daily FFI +ve - Weekly RS +ve - Weekly FFI +ve - Moving averages are aligned. - Breakout from range today with volume. - Entry today based on breakout and >3% rebound off 10EMA with volume .
This has broken out & is on the move with the next leg up. Looking bullish but RSI on the higher side at 78.8
Watch for break of upper trendline Might find some resistance at 15.5 13.5 seems to be a key level atm Could easily move down though Price trading above 21EMA